Form 4: CCC Intelligent Solutions Holdings Inc. Executive Settles Performance Restricted Stock Units
SEC Form 4 Filing
Githesh Ramamurthy, CEO and Chairman of CCC Intelligent Solutions Holdings Inc., settled performance restricted stock units and disposed of shares to cover tax obligations.
Summary
- On February 27, 2025, Githesh Ramamurthy, CEO and Chairman of CCC Intelligent Solutions Holdings Inc., settled 4,800,000 Performance Restricted Stock Units (PRSUs).
- As a result of the settlement, Ramamurthy acquired 4,800,000 shares of Common Stock.
- Ramamurthy disposed of 2,112,009 shares of Common Stock at a price of $10.43 to cover tax obligations related to the PRSU settlement.
- Following these transactions, Ramamurthy directly owns 7,486,031 shares of Common Stock and indirectly owns 13,628,362 shares through Higginson Enterprises, LLC.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It reflects standard corporate practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the settlement of previously granted equity compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| October 21, 2021 | Date of grant for the Performance Restricted Stock Units. |
| February 27, 2025 | Date of the reported transactions: settlement of PRSUs and stock disposal. |
| March 03, 2025 | Date of signature for the Form 4 filing. |
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